Cadillac, Wexford County, Michigan Property Taxes
Median Cadillac, MI effective property tax rate: 1.89%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Cadillac, MI home value: $100,600
Median annual Cadillac, MI tax bill: $2,018, $382 lower than the national median property tax bill of $2,400.
How are property taxes in Wexford calculated?
Property taxes in Cadillac, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Cadillac’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cadillac, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cadillac, Wexford County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.89%
Estimate Property Tax Bill
$1,901
$1,764
Property Tax Rates Across Cadillac, Wexford County, Michigan
Local government entities determine tax rates, leading to significant variation within states. Each year, counties estimate their necessary budgets for services and divide this by the total value of all taxable properties in their area, resulting in the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this annual process is the core mechanism.
In Cadillac, located in Wexford County, Michigan, the effective property tax rate stands at 1.89%. This rate is notably higher than both the Michigan state median and the national median property tax rate of 1.02%. Consequently, property owners in Cadillac face higher tax bills compared to many other regions. The national median property tax bill is $2,400, which provides a benchmark for assessing local taxes.
Comparing Cadillac's effective property tax rate to other cities in Michigan, it becomes evident that Cadillac's rate is on the higher end within the state. This comparison highlights the importance of understanding local tax rates and their impact on property owners.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cadillac Tax Rate
1.89%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Wexford County Tax Rate
1.72%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cadillac, Wexford County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49601 | 1.23% | 1.56% | 1.89% | 2.23% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Cadillac, Wexford County, Michigan
When examining property taxes in Cadillac, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Wexford County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Wexford County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cadillac. For example, the median home price in Cadillac is $100,600, with tax bills ranging significantly across the county. Zip code 49601 has the highest median home price at $100,600.
Property Tax Assessment Values Across Cadillac, Wexford County, Michigan
Source: Ownwell
$81,000
$140,150
$199,300
Median Cadillac Market Value
$100,600
Median Wexford County Market Value
$108,400
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cadillac, Wexford County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49601 | $8,640 | $35,000 | $100,600 | $187,800 | $268,440 |
Source: Ownwell
Property Tax Bills Across Cadillac, Wexford County, Michigan
Median Cadillac Tax Bill
$2,018
Median Wexford County Tax Bill
$1,919
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Cadillac, Wexford County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49601 | $532 | $929 | $2,018 | $3,601 | $5,108 |
Source: Ownwell